POTENTIAL SHORT TREND
Looking at the daily we are generally in a bullish trend but with a coming pullback due to break of structure created from the head and shoulders pattern created, before further upward direction.
4H broke fib overbought trend line with potential pullback.
Hourly is within discount zone with a likely potential to break out below discount (63019).
Price will likely break out below 63019 and retest area for bearish momentum and fill the inefficiency down to 62549
4H broke fib overbought trend line with potential pullback.
Hourly is within discount zone with a likely potential to break out below discount (63019).
Price will likely break out below 63019 and retest area for bearish momentum and fill the inefficiency down to 62549
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.